Goods and services tax (GST) collection in October crossed Rs 1 trillion for the first time in eight months, indicating the results of the unlocking from September onwards. Collection in any month is for the business done in the previous month.
At Rs 1.05 trillion, collection was not only 10 per cent higher than the Rs 95,379 crore a year ago but almost equal to that in February, which was before the lockdown and when the pandemic hadn’t struck. The finance ministry said growth in GST at 10 per cent and 4 per cent in the previous month showed the trajectory of ...
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